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BLUE OWL CAPITAL INC.（OWL）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是BLUE OWL CAPITAL INC.的1.9倍（$1.4B vs $755.6M），BLUE OWL CAPITAL INC.净利率更高（6.3% vs -22.3%，领先28.6%），罗布乐思同比增速更快（43.2% vs 19.7%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $308.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs 21.3%）
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
OWL vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.9倍
$755.6M
营收增速更快
RBLX
高出23.5%
19.7%
净利率更高
OWL
高出28.6%
-22.3%
自由现金流更多
OWL
多$50.5M
$308.6M
两年增速更快
RBLX
近两年复合增速
21.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $1.4B |
| 净利润 | $47.7M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 22.2% | -25.3% |
| 净利率 | 6.3% | -22.3% |
| 营收同比 | 19.7% | 43.2% |
| 净利润同比 | 129.8% | -43.9% |
| 每股收益（稀释后） | $0.07 | $-0.44 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收OWLRBLX
| Q4 25 | $755.6M | $1.4B | ||
| Q3 25 | $728.0M | $1.4B | ||
| Q2 25 | $703.1M | $1.1B | ||
| Q1 25 | $683.5M | $1.0B | ||
| Q4 24 | $631.4M | $988.2M | ||
| Q3 24 | $600.9M | $919.0M | ||
| Q2 24 | $549.8M | $893.5M | ||
| Q1 24 | $513.3M | $801.3M |
净利润OWLRBLX
| Q4 25 | $47.7M | $-316.0M | ||
| Q3 25 | $6.3M | $-255.6M | ||
| Q2 25 | $17.4M | $-278.4M | ||
| Q1 25 | $7.4M | $-215.1M | ||
| Q4 24 | $20.7M | $-219.6M | ||
| Q3 24 | $29.8M | $-239.3M | ||
| Q2 24 | $33.9M | $-205.9M | ||
| Q1 24 | $25.1M | $-270.6M |
毛利率OWLRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率OWLRBLX
| Q4 25 | 22.2% | -25.3% | ||
| Q3 25 | 7.6% | -21.8% | ||
| Q2 25 | 12.0% | -29.8% | ||
| Q1 25 | 5.9% | -24.6% | ||
| Q4 24 | 11.7% | -24.7% | ||
| Q3 24 | 18.7% | -30.4% | ||
| Q2 24 | 28.4% | -26.6% | ||
| Q1 24 | 24.7% | -37.7% |
净利率OWLRBLX
| Q4 25 | 6.3% | -22.3% | ||
| Q3 25 | 0.9% | -18.8% | ||
| Q2 25 | 2.5% | -25.8% | ||
| Q1 25 | 1.1% | -20.8% | ||
| Q4 24 | 3.3% | -22.2% | ||
| Q3 24 | 5.0% | -26.0% | ||
| Q2 24 | 6.2% | -23.0% | ||
| Q1 24 | 4.9% | -33.8% |
每股收益（稀释后）OWLRBLX
| Q4 25 | $0.07 | $-0.44 | ||
| Q3 25 | $0.01 | $-0.37 | ||
| Q2 25 | $0.02 | $-0.41 | ||
| Q1 25 | $0.00 | $-0.32 | ||
| Q4 24 | $0.06 | $-0.32 | ||
| Q3 24 | $0.04 | $-0.37 | ||
| Q2 24 | $0.06 | $-0.32 | ||
| Q1 24 | $0.04 | $-0.43 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $194.5M | $3.1B |
| 总债务越低越好 | $3.3B | $1.2B |
| 股东权益账面价值 | $2.2B | $394.5M |
| 总资产 | $12.5B | $9.6B |
| 负债/权益比越低杠杆越低 | 1.51× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资OWLRBLX
| Q4 25 | $194.5M | $3.1B | ||
| Q3 25 | $137.3M | $2.9B | ||
| Q2 25 | $117.6M | $2.6B | ||
| Q1 25 | $97.6M | $2.7B | ||
| Q4 24 | $152.1M | $2.4B | ||
| Q3 24 | $115.9M | $2.3B | ||
| Q2 24 | $436.8M | $2.4B | ||
| Q1 24 | $155.8M | $2.4B |
总债务OWLRBLX
| Q4 25 | $3.3B | $1.2B | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | $1.2B | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
股东权益OWLRBLX
| Q4 25 | $2.2B | $394.5M | ||
| Q3 25 | $2.3B | $407.6M | ||
| Q2 25 | $2.4B | $353.2M | ||
| Q1 25 | $2.3B | $310.7M | ||
| Q4 24 | $2.1B | $221.4M | ||
| Q3 24 | $2.0B | $189.9M | ||
| Q2 24 | $1.7B | $121.5M | ||
| Q1 24 | $1.6B | $71.6M |
总资产OWLRBLX
| Q4 25 | $12.5B | $9.6B | ||
| Q3 25 | $12.5B | $8.6B | ||
| Q2 25 | $12.3B | $7.8B | ||
| Q1 25 | $12.3B | $7.5B | ||
| Q4 24 | $11.0B | $7.2B | ||
| Q3 24 | $10.8B | $6.7B | ||
| Q2 24 | $9.7B | $6.5B | ||
| Q1 24 | $9.0B | $6.3B |
负债/权益比OWLRBLX
| Q4 25 | 1.51× | 2.98× | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | 5.48× | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $382.9M | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $308.6M |
| 自由现金流率自由现金流/营收 | 47.5% | 21.8% |
| 资本支出强度资本支出/营收 | 3.1% | 21.1% |
| 现金转化率经营现金流/净利润 | 8.03× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.4B |
8季度趋势，按日历期对齐
经营现金流OWLRBLX
| Q4 25 | $382.9M | $607.0M | ||
| Q3 25 | $433.1M | $546.2M | ||
| Q2 25 | $422.5M | $199.3M | ||
| Q1 25 | $17.6M | $443.9M | ||
| Q4 24 | $324.0M | $184.5M | ||
| Q3 24 | $326.0M | $247.4M | ||
| Q2 24 | $302.3M | $151.4M | ||
| Q1 24 | $47.2M | $238.9M |
自由现金流OWLRBLX
| Q4 25 | $359.1M | $308.6M | ||
| Q3 25 | $422.5M | $443.6M | ||
| Q2 25 | $412.5M | $176.7M | ||
| Q1 25 | $4.2M | $426.5M | ||
| Q4 24 | $310.1M | $120.6M | ||
| Q3 24 | $314.8M | $218.0M | ||
| Q2 24 | $269.4M | $111.7M | ||
| Q1 24 | $41.1M | $192.3M |
自由现金流率OWLRBLX
| Q4 25 | 47.5% | 21.8% | ||
| Q3 25 | 58.0% | 32.6% | ||
| Q2 25 | 58.7% | 16.3% | ||
| Q1 25 | 0.6% | 41.2% | ||
| Q4 24 | 49.1% | 12.2% | ||
| Q3 24 | 52.4% | 23.7% | ||
| Q2 24 | 49.0% | 12.5% | ||
| Q1 24 | 8.0% | 24.0% |
资本支出强度OWLRBLX
| Q4 25 | 3.1% | 21.1% | ||
| Q3 25 | 1.5% | 7.5% | ||
| Q2 25 | 1.4% | 2.1% | ||
| Q1 25 | 2.0% | 1.7% | ||
| Q4 24 | 2.2% | 6.5% | ||
| Q3 24 | 1.9% | 3.2% | ||
| Q2 24 | 6.0% | 4.4% | ||
| Q1 24 | 1.2% | 5.8% |
现金转化率OWLRBLX
| Q4 25 | 8.03× | — | ||
| Q3 25 | 68.64× | — | ||
| Q2 25 | 24.25× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 15.62× | — | ||
| Q3 24 | 10.94× | — | ||
| Q2 24 | 8.91× | — | ||
| Q1 24 | 1.88× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
RBLX
暂无分部数据
